How Late Payments Really Affect Your Credit Score

Late payments may be the bane of your credit score perfection, or they may just be part of your overall credit mediocrity. How late your payments are, how perfect your score is otherwise, and a host of other factors all play into how much a late payment (or multiple late payments) will affect your credit […]

How to Get Out of Debt… and Fast

I’m not a huge Dave Ramsey fan. I’ve listened to his show from time to time and read his books. He can be entertaining, and he has helped a lot of people. But his dogmatic,“I’m right, and you’re wrong” approach to personal finance just rubs me the wrong way. Of course, he can be inspiring […]

Can You Get a Solid Financial Plan for Only $96?

I can still remember my first financial plan. The good folks at American Express created a thick, beautifully-bound financial plan for my wife and I when we were first starting out. It was useless. The problem wasn’t Amex, though — the problem was that we didn’t have any assets of which to speak. There wasn’t […]

How to Refinance a Student Loan in 15 Minutes with Sofi

SoFi (short for Social Finance) is a peer-to-peer lending platform, not unlike Lending Club. Its primary focus is student loan refinancing, and it offers both fixed and variable rate loans of varying terms, from 5 to 20 years. It’s grown in popularity over the years, in part because it offers some of the lowest refinance rates […]

Everything You Need to Know About Rent-to-Own Homes

In 2005 I became a landlord. A good friend and I began investing in single family homes in the midwest. We purchased two HUD foreclosures in 2005, and since then we’ve added 3 more HUD foreclosures to our portfolio, and then sold two homes. When we advertise one of our homes for rent, we always […]

5 Ways To Automate Your Finances

I‘m convinced that the one thing that could greatly improve finances for many people is also dead simple: automation. Financial automation puts a fail-safe in place, protecting you from your own forgetfulness, poor judgement, or even procrastination. It also frees up time and energy — rather than worry about the same things each and every […]